According to official news, the Trump family project World Liberty Financial (WLFi) officially released its vision to revolutionize finance through the mass-adopted DeFi protocol, aiming to bring a permissionless peer-to-peer digital asset system to everyone. WLFi will also launch a governance platform designed to help shape the protocol through governance.
The WLFi governance platform will help control important parameters of the WLFi protocol, with the goal of supporting large-scale adoption and distribution of the DeFi protocol, which will be designed to be highly accessible, intuitive and community-controlled. WLFi plans to allow WLFi protocol users to enjoy simple login and familiar UI/UX through one-click social login and wallet creation.
According to the approval process of the WLFi governance platform, WLFi plans to run separate "instances" on Ethereum and Scroll.
Yesterday, World Liberty Financial (WLFi) initiated a preliminary proposal on the Aave governance forum, hoping to build a customized lending market based on Aave V3. WLFI is expected to use its connection with traditional finance and institutional investment to introduce assets that may be incompatible with the main market on the Ethereum mainnet.
In return, Aave DAO will receive 20% of WLFI's new market protocol revenue and 7% of the total supply of WIFI tokens, which can be used to participate in the WLFI governance process, execute liquidity mining incentives, and accelerate the decentralization of the WLFI platform.